This article contains content that is written like an advertisement .(October 2017) |
Founded | 1987 |
---|---|
Founder | Harish Thawani |
Headquarters | |
Services | Entertainment, Sports Marketing & Broadcasting |
Website | www |
Nimbus Communications Limited was an Indian media and entertainment company, and sports broadcaster, known for its Neo Prime and Neo Sports channels. [1] It had integrated, end-to-end media services focusing on sports broadcasting, marketing, and filmed entertainment. Headquartered in Mumbai, Nimbus was established in 1987 by Harish Thawani, [2] and had a network of customers across the United States, Canada, UK, Asia, Africa, Australia, New Zealand, Europe, and the Middle East. In addition to India, its operations were also spread across Singapore, the Middle East, and the Caribbean.[ citation needed ]
In 2006, the company won a four-year contract to broadcast international cricket matches conducted by the BCCI, at $612.18 million (Rs 2,714 crore). [3] [4] In 2010, The Times of India Group acquired a small stake in Nimbus Communications. [5] BCCI was one of their main clients during the 1990s and in the decade of 2010. [6]
In 2018, the Bombay high court ordered the liquidation of Nimbus Communications. According to a lawsuit filed by Union Bank in 2012, Nimbus had failed to pay dues owed on short term loans from UB totaling $375,806,550 (Rs 35 crore). [7]
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